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Nowotny doesn’t see immediate need for ECB rate action
-I personally do not see a specific need for action on liquidity, premature to focus on one instrument like LTRO -For the time being, I don’t see any acute need for changes in interest rates -ECB doesn’t target exchange rate Me and Ryan are on opposite sides about what the ECB will do next and I’d say these comments from Nowotny work in my favor.
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